60% of small businesses go bankrupt six months after a cyberattack, a House panel says. The National Cyber Security Alliance says it didn’t provide the statistics. The bill would direct the National Institute of Standards and Technology to tailor cybersecurity guidance for small businesses. It’s a powerful stat, but don’t credit the Alliance, but it’s been cited before at another congressional hearing. Other causes could have hastened their failures, including poor management, insufficient capital, lacking of planning, over expansion and bad location, to name a few.”]
Source: https://www.cuinfosecurity.com/blogs/60-hacked-small-businesses-fail-how-reliable-that-stat-p-2464